Importers slowed their buying frenzy that occurred prior to the āLiberation Dayā tariffs and now Aprilās trade figures show a not-surprising 16.3% drop for the month to $351 billion.
By the time the Committee hearing with Lutnick was over, it seemed pretty clear that the Trump administration has shifting ideas about reciprocity today, and are less sure about the nature of them than they were before āLiberation Dayā on April 2.
The Presidentās tariff increase comes at a critical moment, reflecting a clear understanding of the ongoing threats faced by the U.S. aluminum and steel industry, particularly from heavily subsidized foreign competitors.
Decades of misguided trade policies have transformed the United States into the worldās consumer of last resort, absorbing the worldās excess savings at the expense of its manufacturing sector. U.S.-imposed tariffs are the first step towards rebalancing the system, but they arenāt sufficient.
The American pharmaceutical supply chain has become dangerously dependent on imports and foreign-controlled supply chains. Over the past 20 years, the country has experienced a skyrocketing rate on pharmaceutical imports and increasing foreign reliance.
Yes, reshoring manufacturing is possible. Investors will even go along for the ride, Guardian Bikes CEO Brian Riley told the Senate Small Business Committee in a hearing on May 14.
Under the so-called āBig Beautiful Billā as passed by the House, Chinese solar companies will no longer qualify for renewable energy tax benefits under the Inflation Reduction Act (IRA) of 2022.
Some Chinese solar power inverters were allegedly found to have communication devices attached to them that were not supposed to be part of that equipment, suggesting that they can ping information back to the companyās headquarters and be used for nefarious ends, Reuters London reported on May 14.
The Trump Administration is leading a realignment on trade, moving away from a unipolar system that really had Asia as the Western worldās manufacturing hub. That is no longer feasible, or affordable.
CPAās submission documents how the domestic trucking sector underpins U.S. commerce, and that ensuring a domestic industrial base for producing these trucks is vital to military readiness and civil emergency response.
